If Your ____,Your Net Worth on the Balance Sheet Would

question 82

Multiple Choice

If your ____,your net worth on the balance sheet would have increased from one period to the next.

• A) liabilities increased and assets remained constant
• B) liabilities increased and assets decreased
• C) assets increased and liabilities remain constant
• D) income increased
• E) none of these

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Definitions:

Illogical Thinking

According to cognitive theories, illogical ways of thinking that may lead to self-defeating conclusions and psychological problems.

Cognition-focused Therapists

Professionals who concentrate on modifying distorted thinking and dysfunctional belief systems as a pathway to changing behavior and emotional states.

Self-talk

The practice of talking to oneself, either aloud or silently, which can influence one's emotions, behavior, and overall mental health, often reflecting one's inner thoughts and beliefs.

Egocentrism

A cognitive trait where an individual is unable to differentiate between their own perspective and that of others, often resulting in viewing the world solely from their own point of view.